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to u.s. leaders negotiating over the so- called fiscal cliff about the serious financial impact looming on the horizon. that's where we begin this morning. how confident are you about the state of the u.s. economy? what steps are you taking to prepare for the potential impact if the u.s. goes off the fiscal cliff? give us a call this morning. you can also catch up with us on all your favorite social media sites, twitter or facebook. or e-mail us. thismorning to you on wednesday, november 21. we are talking about federal reserve chairman ben bernanke's comments yesterday about the fiscal cliff, and getting your thoughts on bthe u.s. economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they
people here in washington are calling the fiscal cliff. today, we have new proof that people across the country not only are aware of what's going on, they're very, very worried. our new poll shows 68% say the country will face either a crisis or major problems if the cuts in taxes aren't avoided. and a whopping 77% say their personal financial situation will be affected by a failure to solve the fiscal cliff problem. despite this nationwide sense of urgency, there's only a little talk of compromise right now as lawmakers return to washington. our congressional correspondent, kate bolduan, has been working her sources on capitol hill and what's going on. stakes are enormous right now. what's going on? >> they were away for a week. staff was supposed to be working. but lawmakers are arriving back in town with no real whisper of an imminent breakthrough at the moment to avoid this looming series of tax increases and spending cuts that could very well damage the economy. but the air of compromise among some notable republicans is definitely grabbing attention. the republicans' comments
that could exist between europe and the u.s.? it seems like the u.s. has to deal with the fiscal cliff and there is not much room for mutual influence. if you don't have your house in order, you cannot speak to our problems. this does not covered in our media very much. >> thank you. let's go to illinois. we have the votes from the judges. >> can you guys hear me? what can parliament do to encourage [indiscernible] >> thank you. we will go right to the answers. >> you the unemployment, i spent a long time in entering what could we do to regain trust and growth. i made a proposal, and i repeat it. the european union, together with the states in which the youth unemployment is so crop -- so great, we should support those enterprises who employ young people with direct support financially for the enterprise, or with privilege and taxes. those are the two possibilities, but we should do it. the fight against unemployment, in my eyes, is the highest priority for the european union, or must be the highest priority for the european union. the international labor organization spoke about the l
from the desk with the couch. >> shepard: this is the fox report. avoiding the fiscal cliff. now the president and house republicans plan to hit the trail in search for support for their competing plans. plus, the u.s. ambassador, susan rice, meets with some of her toughest critics. and apparently they don't like what she has to say. >> we are significantly troubled by many of the answers that we got and some we didn't get. more disturbed now than i was before. >> shepard: republican senators criticizing ambassador rice for her initial comments on the libya consulate attack. >> ambassador rice has no responsibility for collecting, analyzing and providing intelligence. >> shepard: tonight the ambassador responds. >>> plus, the people of egypt trying to avoid trading one dictator for another. fighting back against a president who gave himself new powers. tonight a potential crisis point as the leader tries to put himself above the law. and how will the u.s. handle this? >>> plus, the chances of winning are ridiculously low. but millions of us are still lining up for a shot at a rec
anything to avoid it. i'm referring to the so-called fiscal cliff. you may have heard about it. it's the simultaneous convergence of tax increases and spending cuts designed to pressure lawmakers accepting other negotiated deficit reduction changes. it includes expiration of the bush era tax cuts that would effect everyone. expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the possibility that g.o.p. lawmakers may put their oath of office above a promise to antitax increase organizer. good evening. >> good evening. the republican sources say they are offering a balanced approach of significant spending cuts and some revenue without boosting tax rates. >>
-called fiscal cliff. let's listen in. >> it would be good for our children's future and i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. but the place where we already have, in theory at least, complete agreement, right now, is on middle class taxes. and as i've said before, we've got two choices. if congress does nothing, every family in america ll see their tacks automatically go up at the beginning of next year. starting january 1st, every family in america will see their taxes go up. a typical middle class family of four would see its income taxes go up by $2200. $2200 out of people's pockets. that means less money for buying grocery, less money for filling prescriptions, less money for buying diapers. it means a tougher choice between paying the rent and paying tuition and middle class families just can't afford that right now. by the way, businesses can't afford it either. yesterday i sat down with some small business owners who stressed this point. economists predict that if taxes go up on
's time to work on the fiscal cliff. can both sides strike a bargain before everyone's tacks go up. we'll cover that with our headliners. senators dick durbin and lindsey graham. plus our powerhouse roundtable. matthew dowd, joe klein, ruth marcus, david sanger of "the new york times" and peggy noonan of "the wall street journal." >>> then ben affleck. >> you saw your parents killed? >> with war breaking out in congo, he's here live on what can be done to stop the fighting. >>> and -- >> i'm jonathan karl, i'm going to show you how this clipper will bring bipartisanship to washington. >>> hello, again. you just saw one small step for bipartisanship, is there more to come in washington? congress is back to work this week. top priority, a deal to block those automatic spending cuts and tax increases now set for january 1st, and some smart money is starting to bet that the president and congress will find a way to avoid that fiscal cliff. stocks up this week in anticipation of a deal with the dow clocking five straight of gains. and black friday consumer spending was down as well. now let
with senator tom coburn about the fiscal cliff, affordable care act and future of the republican party. the senator has written several books, including his latest. join our three-hour conversation with your calls, emails and tweets for medical doctor and senator tom coburn on book tv's "in depth" on c spanning 2. >> washington worked his way up and wept to harvard law school and went out west to illinois to galena where the industry was in its heyday. arrived by ship by stagecoach, by train and arrived on steamboat in this muddy mining town. boarded themselves in a log cabin and established themselves in a log cabin and worked his way up and became a very successful lawyer and got involved politically. ran for congress, served for eight terms and then befriended abraham lincoln, obviously from illinois and then grant. and as they were on the rise, washburn stayed with them as a close colleague during the civil war and after grant was elected president, he initially appointed washburn secretary of state and at that time, wash burn became very, very ill and his family feared for his lif
will be speaking about the so-called fiscal cliff and that is a reduction -- and deficit reduction. we will have that live here on c-span at 11:30 a.m. eastern. over at the white house today, president obama is meeting with small business owners. at 12:30, jay carney will hold a press briefing and take questions from reporters. this afternoon, the president and vice president will meet with the mexican president who takes office december 1. the press briefing today at 12:30. on capitol hill, the house of representatives returns today at 2:00 p.m. eastern on their agenda this afternoon five bills including a measure requiring the department of a homeland security to report on security. later this week, a student visa program. also this week, the democratic leadership elections. that will be coming up later this week. live coverage of the house at 2:00 p.m. eastern. a number of senators have been meeting with u.n. ambassador susan rice in the wake of her comments following the attack on the benghazi consulate. just wrapping up is a brief news conference and statement with senators. here is a look.
of this week, and things are slowing down and we're looking at a potential fiscal cliff stalemate. >> desmight republicans to put higher tax revenue from the wealthy on the table, democrats are scoffing. he they talked happy talk about are skofg.t we only have a auple of weeks to get something ouple of we have to get away from the happy talk and start talking aout specific things. dent obama hasbama has no new witht talks scheduled with congressional leaders but will cong phila suburban philadelphia aiday to press for an immediate bushto extend bush era tax cuts for m ers.blicans call that agningless electioneering. >> we congratulate him on his re-election. we don't know if he has enough todership qualities to push democrats. >> cost savings to health care aregrams like medicare and medicaid. everyry dollar that's ever been secured for anything is sacred. to they'll defend it to the wath, regardless of what it means for jobs or the economy. > a tough white house ally, nglinois senator dick durbin argued against using fiscal cliff pressures to scale back paidare and medicaid benefits. >> these
approaching so-called fiscal cliff, which the thanksgiving holiday over, the president and top lawmakers are focusing this coming week on negotiating a deal on those expiring tax cuts and spending reductions that will automatically kick in december 31st, at midnight. so will we see more face-to-face meetings and what do both sides need to do? let's talk with angela mcglowan, and mark hammond a former aid to john kerry and nice to see you both. i predict more face-to-face meetings and i think they'll get together, kind of like holiday dinners, you see a lot of people you might not choose to see, but you have to see them, right. >> you have to see them and you might not want to see them again for another year, but, he yes, rick, they have to come to the table again and again and again until we reach a deal. if we go off the fiscal cliff, it's predicted that we will get another recession, now they're saying if we go off the fiscal cliff it only impact certain americans with taxes increasing and it will affect our country and economy. and we need face-to-face meetings and i don't think that
over the entitlement programs should be waged after the new year once the fiscal cliff issue has been settled. >>> six minutes past the hour, new storms rolling into the northwest this morning. and that could cause dangerous flooding. alexandra steele is live in atlanta for us. what's going on? >> hey, good morning to you guys. we've got one storm that's gone and one storm that's a massive storm incoming. so let's start with this, all you guys in new york city had snow, for sure, but right now we certainly don't. this has all moved offshore. this was just the rain, but what was left behind? actually black ice there this morning. places like new jersey, six inches of snow. chester, new jersey, five. you can see sunbury, pennsylvania, three. 2 1/2 in mill brooke. the hudson valley and portions of connecticut are seeing black ice as a factor. take it slow, especially the elevated surfaces with temperatures so cold. story number one. story number two, a mammoth storm, this is the water vapor. what you need to see with this is look at this huge trough off the coast. all this moisture is po
to talk about averting the tax hikes and budget cuts from the so-called fiscal cliff. the president met with small business owners yesterday to talk about the effect on their companies from taxes and other changes. and right now congress is stalled over finding a solution as democrats demand higher taxes for high wage earners while republicans want cuts to entitlement programs. >>> elsewhere on the hill, u.n. ambassador susan rice spent her day behind closed doors explaining statements she made back in september about those deadly attacks on the u.s. consulate in libya. her defense failed to convince her republican critics. nbc's tracie potts is on capitol hill with more on this. tracie, good morning to you. >> lynn, good morning. rice admitted that when she said the ambassador and three others who were killed were the result of spontaneous attacks, the information was partially wrong. as she has done before, in a statement after her meeting, she blamed it on bad intelligence information, talking points where references to al queda had been taken out according to sources and attacked ch
hope so. what i would like to do is to say that the fiscal cliff issue we have been talking about all they hear -- all week, is really important and we have to make progress right now towards a sustainable budget. a lot of experts sitting here about why that is important but based on our work there's a much broader competitiveness problem facing the u.s. right now. has been building for decades, it is not a recession, it has been building for decade-sapping the ability of the american economy to grow, and the average american to rise. to make the u.s. less competitive, less attractive for business, we go back to the fiscal cliff discussion over and over again because unless we get the economy really moving and growing in a long run, these budget problems will occur over and over again. we have identified eight areas where we find, these things would move the needle in a reasonable time frame, two or three or four years we start to see impact and there's quite bipartisan support. and the sustainable budget compromise. number 2, easing immigration now. we need a broader immigration refo
's looming. the so called fiscal cliff is getting closer and apparently no movement in congress to avoid it so far. the impasse is over raising tax rates on upper bracket income earners. republicans say they're willing to consider a tax hike but they want larger cuts made to benefit programs. the small business leaders came to avoid the cliff and tax hike on the middle class. on friday he's off to philadelphia where he will make a public case for his strategy and two gop leaders. >> rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail. >> the election was conclusive in terms of which path the majority of the american people want to take. >> house republicans are also planning to hold events in the coming weeks with small business owners to highlight the effects the tax increase could have on them and their likelihood. how does the fiscal cliff impact california? larry, a lot of talk on how it will impact high earners. a lot of middle income class folks could feel it as well. >> if we go over the fiscal cliff, we're going to
weekend. >>> 38 days now before the fiscal cliff. lawmakers return to work monday trying to cut a deal. if congress and president obama fail to reach an agreement massive tax cuts and spending cuts automatically kick in january 1. anti-tax crusader slamming chambliss. he broke with norquist no tax break pledge. he cares more about his country than the pledge. >>> there were signs truce between israel and hamas is taking hold this weekend. palestinian sources say israel has eased restriction on gaza fishermen allowing them to go up to six miles from shore. the fishermen were restricted to three miles into the mediterranean. palestinian farmers resumed tending land. hamas official say egyptian and israeli officials are expected to meet monday to discuss details of that cease-fire. >>> to egypt now where what's happening makes well, the arab spring look like it never ended. we remember the crowds of demonstrators, protesters, a regime bent on consolidating and preserving its power. that was then. this is the scene right now. demonstrators are back spending the night in tahrir square. pres
, lawmakers working to find common ground on the fiscal cliff before it's too late. plus, holiday shoppers looking for deals, pushing this cyber monday sales through the virtual roof. it's shaping up to be a possible record-breaker. shoppers spending more money today than ever before. a lot of them are not paying sales tax. now a move to close the loopholes that are costing states millions. plus at least when people shop online this doesn't happen. [oh] >> shepard: tonight, the brawl at the mall. a jury cleared casey anthony of murdering her little girl. >> we, the jury, find the defendant not guilty. >> shepard: now some potentially explosive evidence about a computer search somebody did on the day little caylee disappeared. and this was no ordinary parade can a gety. >> snn colon and then a number. >> shepard: shredded police documents apparently reigning down on the thanksgiving day crowd. >> i didn't know what to make of all of this information. >> tonight, investigation and police respond. but first from fox this monday night, some republicans are now saying they are willing to break
-called fiscal cliff and defense priorities. [applause] good evening and thank you for coming. >> it is an honor to be introducing my old boss. >> defense secretary leon panetta looks at how budget cuts could affect the pentagon. we spoke tuesday evening at the center for new american security about the fiscal cliff and fed priorities. >> thank you for coming. it is an honor to be back and an honor to be introducing my old boss. as you know, secretary of the net debt is one of the most respected and experienced hands in washington. his resume is legendary. chairman of the budget committee back in the day when they actually passed a budget, director of the office of management and budget, and chief of staff to president clinton when the white house, director of the central intelligence agency, and now secretary of defense, so the question is what in the world are you going to do next. this extraordinary resume does not do justice to the man. leon panetta is a wonderful human being and in some ways a man of contrasts. i am going to give you examples. he is known among his counterparts around the w
. >>> we're now only 35 days away from the so-called fiscal cliff. deep cuts in federal spending coupled with sharp tax increases by law they take effect automatically and many experts fear will throw the u.s. economy back into a recession. both congress and the white house are trying to make a deficit reduction deal to avoid the financial chaos. and president obama's reverting to some campaign mode right now to try to make sure things are done his way. our white house correspondent dan lothian is joining us now with new information. what are you learning, dan? >> reporter: well, wolf, while senior members of the administration including secretary geithner, chief of staff jack lou also top advisor meeting with -- the president himself trying to sell his vision to the public, but some say it's not a winning strategy. it doesn't take a gps to find the way to the fiscal cliff. much more difficult, finding the off ramp. at the president's first meeting with congressional leaders more than a week ago, there was a sense of optimism. >> my hope is is that this is going to be the beginning of a
as the fiscal cliff, quickly approaching both sides seem to think of a way to push for the deal they want is to take their case to the american public. today, the white house announced the president will travel to a manufacturing facility in pennsylvania on friday for campaign-style event designed to boost public support for a package that includes tax rate increases for the wealthy. not to be outdone speaker boehner announced that house republicans would be making similar appearances across the country, going to small businesses to speak about the "threat to jobs posed by congressional democrats" small business tax hike. while members of congress plan to take their case to the american people, the afl-cio is planning to take the american people to members of congress sending 33 local union leaders to capitol hill to push members of congress to let the bush tax cuts expire and leave social security untouched. one positive to emerge from negotiations so far has been that for the first time in recent memory, republicans have
- called fiscal cliff. it airs tonight it it o'clock eastern-- a o'clock here on c-span. >> in january, our first week we were sworn into office, the president ask for an increase in the debt ceiling. i made clear at that time there would be no increase in the debt ceiling without significant cuts in spending and changes to the way we spend the american people's money. shortly after that, i was in new york and gave a speech and outlined i thought the spending cuts should exceed the amount of debt limit increase and there should be no taxes as part of this agreement. when you look at what we have been able to achieve, we have met those to standards that have been outlined. the american assistance it is time for america to deal with its spending problem and we made promises to the american people that our kids and grandkids just cannot afford. in addition, we of work with our members and listen to the american people. we have a real interest in making sure we don't get into this spot again. and we ought to have a balanced budget an image to the constitution. i think if you look at the structu
like spoiled children during fiscal cliff negotiations. while only 28% believe lawmakers can be counted on to behave like responsible adults. chief white house correspondent ed henry has the joy of living and reporting amongst the children. i'm not sure what that makes you but you are a chief white house correspondent so what is the latest? >> reporter: there is a still a little kid in all of us, jenna. the bottom line the negotiations are obviously reefing a critical stage. white house is trading to take advantage of cyber monday, retail holiday today to put out the report you mentioned to suggest retailers will take a particular hit if they face these automatic tax increases and spending cuts that will be kicking in at the end of the year if there is no action by the white house and lawmakers on capitol hill working together. bottom line here, republicans like jeff sessions, the budget chairman in the senate, say they're willing to negotiate on all these tax rates, tax changes, et cetera, but they want to make sure there are spending cuts to go with them. take a listen. >> our democra
off this fiscal cliff. what do both sides need to do to come to a compromise? didi, i'll start with you. >> well, actually, heather, here we are again. it feels like groundhog day because we have the government shutdown, fiscal cliff. i mean, washington, d.c. is such a mess, and it's really too bad that we didn't have more change from the election. so what i'm hoping is that president obama will be more of a president and less of a candidate, because he's the mac daddy candidate, there's no doubt about it. this is the guy who can campaign. but he's not governed. he's not led as president. so i'm very hopeful that the new year would bring that. and i'd also like to see new leadership in the republican party. i think john boehner needs to go. i think it needs to be a kevin mccarthy as well as in the senate. you know, we need new leadership. marco rubio would be a great senate minority leader, and it's bold, but we need the change in washington d.c. heather: but in the meantime, we have what we have right now, we are just a matter of weeks away, so what do you think they need to d
back to steve harrigan as events warrant. president obama taking plans for avoiding fiscal cliff to the voters with a look at his pitch and the response from republicans, next. are you receiving a payout from a legal settlement or annuity over 10 or even 20 years? call imperial structured settlements. the experts at imperial can convert your long-term payout into a lump sum of cash today. gives you a low national plan premium... so you can focus on what really matters. call humana at 1-800-808-4003. >>shepard: the president will make a public pitch on his plans for dealing with the fiscal cliff. according to the white house the president will make a campaign style appearance on friday at the toy manufacturing plant in pennsylvania. republicans and democrats are working to avoid going over the cliff. the popular term for the combination of spending cuts and tax cut eliminations set to hit at the start of the new year. the president has been pushing congress to preserve the bush era tax rates for the middle class but let them expire for american whose make more than $250,000 a year
tightening built into law, the so-called fiscal cliff. the realization of all the automatic tax increases and spending cuts that make up the fiscal cliff absent offsetting changes would pose a substantial threat to recovery. indeed, by the reckoning of the congressional budget office, and that of many outside observers, a fiscal shock of that size would send the economy toppling back into recession. second, early in the new year it will be necessary to improve and increase the federal debt limit to -- approved an increase in the federal dedead -- debt limit. the threat of default in the summer of 2011 fueled economic uncertainty and badly damaged confidence even though an agreement was ultimately reached. a failure to reach a timely agreement this time around could impose even heavier economic and financial costs. as this policy makers face these critical decisions, they should keep two decisions in mind. first, the federal gobudget is on an unsustainable path. the budget deficit, which peaked 2009, is expected to narrow further in the coming years as the economy continues to recover. how
know, i think what i'd like to do is just to frame this up a little bit to say this fiscal cliff that we've been talking about all day here and talking about all week is really important. and we have to make progress right now towards a sustainable budget, and we've got a lot of experts sitting here about why that's important. but based on our work, there is a much broader competitiveness problem facing the u.s. right now. it's been building for decades. this is not something new, it's not a recession. it's been building for decades, and it's sapping the ability of the american economy to grow, and it's sapping the ability of the standard of living for the average american to rise. and unless we start tackling the real core issues that are making the u.s. less competitive and less attractive as a location for wiz, we're going to -- for business, we're going to go back to the fiscal cliff discussion over and over again. unless we can get our economy really moving and growing in the long run, these budget problems just are going to recur over and over again. based on our work, we h
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cliff, saying the threat -- fiscal cliff saying this could drive people to spend less this holiday season if congress does not act by the end of the year, everybody will owe more in taxes come next april and that most certainly could affect people's spending habits now. >> i think it means they are not spending as much as they would because they still don't know what is gonna happen. >> congress only has 35 days to come to an agreement on deficit reduction. if they don't, automatic tax increases and spending cuts will go into effect january 1st. both parties say they are ready to compromise but still no real progress has been made. >>> 7:33. one bay area hospital demanding to be reimbursed by the los angeles dodgers for the treatment it gave to bryan stow, the giants' fan brutally beaten in l.a. brian flores is live at san francisco general hospital with more. >> reporter: hi, dave. san francisco general hospital is seeking a $1.2 million medical reimbursement from the dodgers for medical care of bryan stow. the hospital went to -- hospital went to u.s. bankruptcy court in order to
-called fiscal cliff. and michael lyons of the german national security project talks about a possible review of the military drum strategy. live on "washington journal" at 7:00 a.m. eastern. >> what about if the soviet union, a christian of announces tomorrow, which i think he will that if we attack cuba that it is going to be nuclear war? >> this thing is such a serious thing that we are going to be uneasy, and we know what is happening now. something may make these people see reason, but i do not think this will. i want to keep my own people very alert. >> hang on tight. >> it is a fascinating moment. it is amazing that eisenhower tells him to have his people alert. everyone is just completely on edge, so of course they are alert. kennedy laughed, and he jocularly says to hang on tight, which is a nice moment that even on this terribly tense day, they are able to joke a little bit with each other, especially with this crisis. i think they had a sense of how lonely it is to occupy that office and how you are getting all kinds of advice, getting good advice, getting a lot of faulty advice, w
recession. >> absolutely. so the fiscal cliff is a contraction in the government imposed into the economy of 45% of gdp. on the first order that will hit and reduce economic growth from 2 percent down some-1,-2 very easily. lou: in your judgment would be helpful, profoundly helpful for congress and this president to agree that there will leave everything, create a status quo for negotiations on a reform of the tax code that would take place over the course of six to nine months next year and hold in abeyance any changes just simply stopping, for the first time in some time ever, congress and our president actually think through public policy. >> absolutely. tax-cut reform on the one hand, and salomon reform on the other. if congress and the president move in that direction it would be a very, very positive signal that the political process is actually functioning. lou: a real quickly, we're out of time. some symbols, reasonable template. >> i think it is. lou: thank you for being here. president obama's reelection reigniting the debate about illegal immigration. what a republican ship on
in the bill is intended to restore fiscal cliff responsibility and accountability for defense spending at a time when our nation simply cannot afford to waste taxpayers' funds on speculative green initiatives like solyndra and dozens of other companies that are floundering or bankrupt despite billions of government investment as they call it. a recent d.o.d. report revealed that the biofuels program will amount to an extra $1.8 billion a year in fuel costs for the navy alone. that's just the navy, not the air force, not the rest of it. now, this lewd crews price tag is not surprising through -- ludicrous price tag is not surprising. we found in 2009 -- listen this is significant. the navy paid an outrageous $424 a gallon for 20,000 gallons of renewable diesel and in december of 2011, the navy purchased 450,000 gallons of biofuel for $12 million equaling about $27 a gallon. that's $27 a gallon we're talking about in our defense budget that we're paying for something that should cost $3, maybe $4 a gallon. the navy is not the only service being sunld to this -- subjected to this greening
.3 million americans out of poverty including 620,000 children. when you think about fiscal cliffs, you should know there's none worse than the fall into poverty. >> you should know the perils of corporate journalism are usually not as obvious as pleasing advertisers and politicians. the most powerful constraints are mundane and insidious. that said, you should know that principal journalists can let their audience know on occasion when something is afoot. that happened in bangor, maine, when a local news anchor team surprised their audience and bosses by resigning on air. >> on behalf of cindy and me, we have loved every moment bringing the news to you and coming into the homes with your stories of the community and the state and some recent developments have come to auour attention and departing together is the best alternative we can take. >> both declined to offer specifics, but he told the news he wanted to know i was being honest and ethical as a journalist. i thought there were times when i wasn't able to do that. all right. i want to find out what you guys think our audience sho
about fiscal cliffs, there's known worse than the fall into poverty. you should know the perils of corporate journalism, the most powerful con -- you should know that principal journalists let their audience know when something is afoot. that's what happened in maine when an anchor team resigned on air. >> on behalf of cindy and me, we have loved every moment bringing the news to you and coming into the homes with your stories and the community and state and some recent developments have come to our attention and departing together is the best action we can take. >> they declined to offer specifics, but said "i just wanted them to know i was being honest and ethical as a journalist and there were times when i wasn't able to do that." want to find out what you guys think our audience should know? >> the first thing is that 98% of the american should have tax relief and democrats and republicans, the president and house and senate agree on that. it's the 2% we don't agree on, and the republicans could hold up tax release for 98% of americans. i think the public also needs to know
about the stock parkt. stocks ending the day down, investor as wait news on fiscal cliff bloomberg silicon valley was down on the day. sales of microsoft x box 360 are outpacing those with the new gaming system. a spokesperson blogged 750,000 consoles were sold in the u.s. last week, and that compares to just $400,000. the brand new wiiu, everybody fighting for those gamers and their)8áÑ attention during the holiday season. dan and carolyn, back to you. >> thank you. >> we're expecting big changes in the weather. >> yes. sandhya patel is tracking it all. it did sound intense. >> yes. with a first storm hitting during rush hour, timing of the storm does not look good. from our sutro camera, you can see clouds gathering as wewllo check out live doppler 7 hd. you can see these are clouds in advance of the storm system. the stormuhed not here yet, but we'll be watching for it as it arrives in the wee hours of the morning and we'll feel wind and rain coming down hard at times. temperatures now in the 50s and 60s, stormy for the morning commute. rain shifts to the north bay on thursda
. the fiscal cliff, come on. the economy is going back into a recession. >> nobody said anything about that. all they will say is did the moon get blown up? >> it was go usa. >> better yet, drop bombs that form craters in the giant usa on the moon. >> bill, is it possible that this idea leaked out earlier than we think and george lucas used it as the idea for the ending of "star wars"? >> i wouldn't know this obviously. >> no, george lucas, i don't give him credit for anything. i don't think this is as much commentary on the times in the 50s or the science involved and more on our current media. every single story that teased this, you are like, we tried to blowup the entire moon? no we were sending nukes over there that would do no damage. the worst part, the current state of the media assumes everyone watching thinks the moos is the size of a tennis ball and easily knocked out with a couple of nukes. i don't know who loses here, but a lot of people. >> i couldn't agree more. >>> next topic. on tuesday china's communist party newspaper picked up a story that kim jun was named the sexiest m
director for the national congress of american indians explains with the fiscal cliff and native americans and the alaskan native communities. plus, e-mails, phone calls, and tweets. >> there are many people who might even take issue with great saving the union during the civil war. did it lincoln did that? he did. i will not a grant is the only person to save the union, but he was the commanding general of the army that would think the policy to affect, and he was the general who accepted the surrender of the army of northern virginia under robert e. lee that ended the war. if anybody won the war on the battlefield, if you could say that any one person did, and of course you cannot, but one of the things we do when history is we generalize, simplify, because history reality is simply too complicated to get our heads are around if we deal with it in the full complexity. granted save the union during the civil war, and i do contend he same award during reconstruction as well. -- he saved the union during reconstruction as well. jh.w.w brands of the light of ant.ses s. korgr >> the offense o
have the fiscal cliff issue that is are fwfer congress and i think it's a real open question about whether we're going to have a politically induced recession. we're 40, 50 days away. you see a lot of turbulence in the markets over the next months but this is a political crisis that is going to be bring about an economic crisis if it doesn't get solved. but for the entire history of the country people do profoundly disagree with each other, have been and sometimes don't like each other very much have been able to sit across from each other and do the business of the american people. and that's what the moment requires now. on the question of screaming at each other we should understand that there are tremendous market incentives for people to go on tv and attack each other and insult each other verbally and you make a lot of money doing that. for the most part, moderate reasonable voices aren't rewarded with media platforms in the country anymore. and you see a tone and i think that this is a larger cultural issue. it manifests itself in politics but i don't think politics drives i
this fiscal cliff, if we do sequestration, that it would cut consumer spending by $200 billion. so by having a consensus on the budget and a financial plan that is fair and balanced going forward, it could be $200 billion in stimulus. and on top of that stimulus, there would be business and market stimulus by just having some certainty in where we are going. so having an agreement that is fair and balanced is critical for the overall economy, but the impact on women and children and some of our most vulnerable would be devastating, and that's why your particular focus today in special order is so important. the united states currently ranks about 50th in the world in infant mortality. and morocco, 1.8 infants under one year of age, they die for every 1,000 live births each year. in japan the number is 2.2. in the united states, to our shame, the number is six. from new zealand to all other advanced countries around the world, they do much better than the united states in this most fundamental measure of health and well-being. and the people who are most affected by this failure are not those
are dim negotiations to avert the so-called fiscal cliff. live coverage of the senate here on c-span2. >> if you listen to mayor bloomberg who said that the damage was unprecedented, that it may be the worst storms of the city has ever faced and the tidal surge, previous high was 10 feet for the storm. it was 14. governor christie said the damage in new jersey was unthinkable. we had fires. we had hurricane force winds. we had massive flooding. we had snow. if you look at that and look at the flooding in the the subway systems that the shutdown of the stock exchanges. you start to get the sense a massive scale and scope of this storm. and yet the networks performed. i mean, i've read dozens of stories over the last couple of weeks about how for many consumers their only link to information, their only tie to any sort of information or to people was through their smartphone. linking social media and their smartphone. so while there was an impact on cell sites, i think the networks performed really, really pretty well spent by a assessment here is some networks did well, some networks d
of concern about the fiscal cliff and the possibility of tax increases and cuts to government spending. host: when you look at consumer confidence and sentiment, what factors are in play? guest: a lot of times it has to do with how they feel about their own personal fan -- finances and how they feel about the job market and the prospects of finding employment or losing employment. there is a lot of concern still about the high unemployment levels but the idea that the housing market is improving and the idea that there are a lot more employers that are willing to slowly higher at this point seems to be reassuring consumers that there is some hope for the economy host: does consumer confidence have an influence on holiday spending? guest: it does to some extent. when consumers feel most constrained by their own finances, they are not willing to spend as much. a number of reports coming out in the last couple of weeks showed that despite concerns about the fiscal cliff, people are willing to spend about the same amount of money they wanted to spend last year host: this is from "the washington
will focused on the so-called fiscal cliff and the bush era tax rates. our guest will include alex from the mesh enterprise substitute and e than poll lick with the economic policy substitute. washington journal is live on c-span every day at 7:a.m. eastern. >>> on 16 or 17 bases in the united states we have military -- [inaudible] the average cost to agent dmield that school per year is $50,000. almost four times what the rest of the public education costs. and many -- the vast majority of our bases we use public schools. we can take the money we're spending today, pay every public school system $1 4,000 per child and save billions of dollars per year. and with the same or better outcomes. >>> this weekend you can take with oklahoma stater tom coburn about the fiscal cliff. on booktv in-depth. the senator is written several books including the latest "the debt bomb" join the three-hour conversation your call, e-mails, face and comments. live sunday at noon eastern on booktv in-depth on c-span2. >>> former florida governor jeb bush called for higher education standards in the u.s. deliv
about the choices in front of us on the fiscal cliff and organize my friends. it would be easy to start a group in the last couple of months. it would be easy to go and ask people to call members of congress. that would be easy and i am sure you will see our supporters do that. >> the legacy for obama for america will be an organization that will use these tools, use your database, use your supporters to advocate for the president? >> i think that everybody needs to work together to tackle some of these challenges. of course obama supporters are going to be involved. i will be one of those volunteering. >> what happens to the day that? >> i am going to go to italy. the one thing i know is that i want to be involved in some way helping this president. that is what i will do. here is the truth. i have taken a 1 week vacation in five years. it is time to restore my energy. the president and i were joking about how bad i looked. it is time to take a vacation. >> what did you say about how he looks? >> i said i thought he looked great. [laughter] >> as a possible you will go into the white h
can falling off the fiscal cliff. president obama seems reluctant. >> it is difficult to see how you make up trillion just by closing loop holes and deductions. the math tends not to work. >> when it comes to taxes, republicans and democrats agree that the current federal tax code is broken and both sides recognize the importance of closing aggregious tax loop hole that is pick winners and losers. tax reform that eliminates tax wasteful preferences to generate revenue will bring efficienciy to the tax system. >> brian: who has the right approach. james freeman. james, i like deadlines and. >> it makes the mind. >> brian: find a cure. president wants to raise upward 35 to 39 percent and republicans say cap the deductions is better? >> clearly if you could simplify the tax code and get rid of deductions without raising rates on investment in particular that is the least economically detructive way to get more money. >> brian: if you cap at $50,000. and you make two million and you choose what you write off and you cap it and get close to a trilionn in savings over 10 years. >> the math
been talking about the fiscal cliff this morning. >> guest: one of the things we need to do is massively cut the military budget across-the-board. the hard part is when it comes to bases in the united states because those bases always provide some kind of jobs in the local community and it makes it harder for members of congress. not the case for bases abroad. we could close almost all of them and not make us any less safe. the bases abroad don't make us any less safe. sending contractors to take a place of soldiers don't keep us safe are going to cut all of that and use the money to help those countries build their own economies and bring the money home for health health health cr jobs to rebuild the environment here at home. >> host: phyllis bennis from the institute for policy studies, appreciate you coming by. >> guest: thank coming up next to discussion among baby boomers and encore careers. marc freedman with a new book "the big shift" navigating the new stage beyond midlife talks about the need for savings plans for peoples in their 50's, 60's and 70's for meaningful
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